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  • #8,461
  • Feb 6, 2009 3:19am Feb 6, 2009 3:19am
Quoting bumasoft
I'm short on USDCAD.
At what level 12440? Is that a NBT?

90%+ probability, confirmed by other tools like a TL or Fib?
  • #8,462
  • Feb 6, 2009 3:26am Feb 6, 2009 3:26am
Quoting RedCabbage
At what level 12440? Is that a NBT?

90%+ probability, confirmed by other tools like a TL or Fib?
Tried to get in at 1.2435 (that's the level on my chart), but missed it and went in lower, at 1.2423. Still in, but it looks spooky.
  • #8,463
  • Feb 6, 2009 3:28am Feb 6, 2009 3:28am
Quoting bumasoft
Tried to get in at 1.2435 (that's the level on my chart), but missed it and went in lower, at 1.2423. Still in, but it looks spooky.
Here's a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 31 KB
  • #8,464
  • Feb 6, 2009 3:34am Feb 6, 2009 3:34am
I'm still in the EURGBP short, with a 20 pip stop. There's a chance it will still break down, based on the M5.
  • #8,465
  • Feb 6, 2009 3:39am Feb 6, 2009 3:39am
Quoting bumasoft
I'm still in the EURGBP short, with a 20 pip stop. There's a chance it will still break down, based on the M5.
I moved to b/e after a 5m close at 20pips - these are my rules.

Hanging man is still bearish so I might get in again after the next candle close.
  • #8,466
  • Feb 6, 2009 3:40am Feb 6, 2009 3:40am
Quoting RedCabbage
I moved to b/e after a 5m close at 20pips - these are my rules.

Hanging man is still bearish so I might get in again after the next candle close.
Mine too, but I have a small position, so I'm ok with 20 pips.
  • #8,467
  • Feb 6, 2009 3:45am Feb 6, 2009 3:45am
Closed the CAD for 10 pips... Don't like how it's looking.
  • #8,468
  • Feb 6, 2009 3:48am Feb 6, 2009 3:48am
Quoting bumasoft
Closed the CAD for 10 pips... Don't like how it's looking.
Setting a limit order at 12440 would have made this a perfect scalp down to 12400.
  • #8,469
  • Feb 6, 2009 3:50am Feb 6, 2009 3:50am
Quoting RedCabbage
Setting a limit order at 12440 would have made this a perfect scalp down to 12400.
Yup. Just wasn't sure, as the supply is up to 1.2515. Wasn't sure it would stop right there
  • #8,470
  • Feb 6, 2009 3:58am Feb 6, 2009 3:58am
Quoting bumasoft
Yup. Just wasn't sure, as the supply is up to 1.2515. Wasn't sure it would stop right there
No, I am also looking higher to the Fib convergence which makes it more of a NBT.

Just being Harry Hindsight with my analysis!
  • #8,471
  • Feb 6, 2009 4:05am Feb 6, 2009 4:05am
I hate news.
  • #8,472
  • Feb 6, 2009 4:25am Feb 6, 2009 4:25am
Quoting bumasoft
I hate news.

That's 2 days on the trot news has done that to you.
I hope your stop held.

Welcome to the learning process - it's painful!
  • #8,473
  • Feb 6, 2009 4:28am Feb 6, 2009 4:28am
Quoting RedCabbage
That's 2 days on the trot news has done that to you.
I hope your stop held.

Welcome to the learning process - it's painful!
Well, I erased 3 days worth of profits. Stupid CAD
  • #8,474
  • Feb 6, 2009 4:31am Feb 6, 2009 4:31am
I have a lot to work on money management. Need to get my head straight. Good luck with your trading. See you next week.
  • #8,475
  • Feb 6, 2009 4:44am Feb 6, 2009 4:44am
Quoting RedCabbage
I moved to b/e after a 5m close at 20pips - these are my rules.

Hanging man is still bearish so I might get in again after the next candle close.
I've short at 0.8738 small with stops at 0.8768... will short again if price reach 0.8757... target 0.8635
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #8,476
  • Feb 6, 2009 5:05am Feb 6, 2009 5:05am
Shorted the CAD again at 1.2529. Anyone in this?
  • #8,477
  • Feb 6, 2009 5:05am Feb 6, 2009 5:05am
Quoting sivaji
I've short at 0.8738 small with stops at 0.8768... will short again if price reach 0.8757... target 0.8635
It,s moving lol,are you still on short...

I'll see the market movement after NFP...already set SL to B/E
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #8,478
  • Feb 6, 2009 5:17am Feb 6, 2009 5:17am
Quoting bumasoft
Shorted the CAD again at 1.2529. Anyone in this?
Short at 1.2520 and after the price moved+20pip...set B/E and SL hit..
Will short again if the price reach 1.2529 again ... good luck
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #8,479
  • Feb 6, 2009 5:18am Feb 6, 2009 5:18am
Quoting sivaji
Short at 1.2520 and after the price moved+20pip...set B/E and SL hit..
Will short again if the price reach 1.2529 again ... good luck
Thanks. I need it... NFP is coming, but I have a tight SL.
  • #8,480
  • Feb 6, 2009 5:23am Feb 6, 2009 5:23am
I've also long UJ @91.10 and SL moved to B/E already anyone on this?
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
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